Curi RMB Capital LLC Sells 963 Shares of Tesla, Inc. (NASDAQ:TSLA)

Curi RMB Capital LLC lowered its holdings in Tesla, Inc. (NASDAQ:TSLA) by 11.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,116 shares of the electric vehicle producer’s stock after selling 963 shares during the quarter. Curi RMB Capital LLC’s holdings in Tesla were worth $1,862,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new stake in Tesla in the 3rd quarter valued at approximately $29,000. Bank & Trust Co acquired a new stake in Tesla in the 2nd quarter valued at approximately $25,000. Clean Yield Group grew its holdings in Tesla by 60.0% in the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock valued at $33,000 after buying an additional 48 shares during the last quarter. Abich Financial Wealth Management LLC grew its holdings in Tesla by 168.8% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock valued at $26,000 after buying an additional 81 shares during the last quarter. Finally, Valley Wealth Managers Inc. acquired a new stake in Tesla in the 2nd quarter valued at approximately $26,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Up 3.1 %

Shares of Tesla stock opened at $320.72 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $358.64. The business has a fifty day simple moving average of $250.10 and a 200 day simple moving average of $219.58. The stock has a market cap of $1.03 trillion, a PE ratio of 87.49, a price-to-earnings-growth ratio of 10.73 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The business had revenue of $25.18 billion during the quarter, compared to analysts’ expectations of $25.47 billion. During the same period in the previous year, the firm earned $0.53 earnings per share. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. Research analysts predict that Tesla, Inc. will post 1.99 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on TSLA. HSBC reissued a “reduce” rating and set a $124.00 price objective on shares of Tesla in a report on Friday, October 11th. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a report on Thursday, October 24th. Guggenheim lifted their price objective on Tesla from $153.00 to $156.00 and gave the stock a “sell” rating in a report on Thursday, October 24th. Truist Financial lifted their price objective on Tesla from $236.00 to $238.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. Finally, William Blair assumed coverage on Tesla in a research report on Thursday, August 29th. They set an “outperform” rating for the company. Nine analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Tesla currently has a consensus rating of “Hold” and a consensus price target of $230.18.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $350.00, for a total value of $1,400,000.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at approximately $36,761,200. The trade was a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $346.02, for a total value of $34,602,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares of the company’s stock, valued at approximately $1,868,508. The trade was a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 188,797 shares of company stock valued at $57,616,781. Company insiders own 20.70% of the company’s stock.

About Tesla

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.